ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Short Interest Up 42.3% in January

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 759,876 shares, a growth of 42.3% from the December 31st total of 533,813 shares. Based on an average daily trading volume, of 5,506,763 shares, the days-to-cover ratio is presently 0.1 days. Approximately 12.9% of the shares of the stock are sold short. Approximately 12.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,506,763 shares, the days-to-cover ratio is presently 0.1 days.

ProShares UltraPro Short Dow30 Stock Up 0.8%

SDOW opened at $30.45 on Friday. The company has a fifty day moving average of $31.36 and a 200 day moving average of $35.23. ProShares UltraPro Short Dow30 has a fifty-two week low of $29.05 and a fifty-two week high of $75.95.

Institutional Investors Weigh In On ProShares UltraPro Short Dow30

Large investors have recently made changes to their positions in the company. Squarepoint Ops LLC lifted its position in shares of ProShares UltraPro Short Dow30 by 0.5% in the third quarter. Squarepoint Ops LLC now owns 81,210 shares of the exchange traded fund’s stock worth $2,902,000 after buying an additional 381 shares in the last quarter. Game Plan Financial Advisors LLC bought a new stake in ProShares UltraPro Short Dow30 in the 3rd quarter worth approximately $36,000. Group One Trading LLC raised its holdings in shares of ProShares UltraPro Short Dow30 by 10.5% during the 3rd quarter. Group One Trading LLC now owns 13,117 shares of the exchange traded fund’s stock worth $469,000 after acquiring an additional 1,248 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of ProShares UltraPro Short Dow30 by 164.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,815 shares of the exchange traded fund’s stock worth $117,000 after acquiring an additional 1,751 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of ProShares UltraPro Short Dow30 by 120.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,863 shares of the exchange traded fund’s stock valued at $202,000 after acquiring an additional 2,657 shares during the last quarter.

ProShares UltraPro Short Dow30 Company Profile

ProShares UltraPro Short Dow30 (the Fund) seeks daily investment results that correspond to three times (300%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (the Index). The Index is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, United States stocks, excluding utility and transportation companies. The Fund invests in financial instruments whose value is derived from the value of an underlying asset, interest rate or index.